By Anne Hill September 25, 2024 Anne Hill of Bayview C-PACE on how the program unlocks value and facilitates development While the cohort of Americans moving into retirement continues accelerating, the senior housing supply is not keeping up, according to JLL in a recent MHN trends report. And this year, research from the National Investment Center…
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$3.4MM – Dallas, TX Transaction Highlights PACE LTV: 7.0% CLTV: 80.1% Capitalized interest period of 17 months Interest only period of 24 months 21 year amortization c-PACE: $3.4MM Location: Dallas, TX Type: Refinance building: Office Project Description Bayview PACE provides $3.4 million in C-PACE financing for a Office project in Dallas, TX. Press Release CLOSED…
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$3.8MM – Los Angeles, CA Transaction Highlights PACE LTV: 31.7% CLTV: 62% Capitalized interest period of 25 months Interest only period of 36 months 25 year amortization c-PACE: $3.8MM Location: Los Angeles, CA Type: New Construction building: Multifamily Term: 30 Years Status: Closed Project Description Bayview PACE provides $3.5 million in C-PACE financing for a…
Read MoreNewest application of innovative C-PACE financing utilized for senior housing at Hampton Manor-Taylor MI Coral Gables, FL (Sept. 19, 2024) – Bayview PACE today announced providing $4.3 million in innovative C-PACE financing for the 81-unit Hampton Manor-Taylor senior housing community in Taylor, MI. Project sponsor is Cape Coral, FL-based Build Senior Living,…
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$4.3MM • Taylor, MI Transaction Highlights PACE LTV: 16.7% CLTV: 61.9% Capitalized interest period of 17 months Interest only period of 24 months 17 year amortization c-PACE: $4.3MM Location: Taylor, MI Type: Refinance building: Senior Housing Term: 24 Years Status: Closed Project Description Bayview PACE provides $4.3 million in C-PACE financing for a senior living…
Read MoreNYC Program Releases Updates Just this week, New York City releases its C-PACE program guidelines. The guidelines are expected to pave the way for new construction and energy retrofits on thousands of NYC buildings. • New Construction and Major Renovations must be defined as a “Low Carbon Building” • C-PACE loans are capped at 30% of the total construction…
Read MoreInsights & Perspectives 08/07/24 By: Steve McGee | Rob McAdams With the higher interest rate environment constraining banks and seniors housing and healthcare borrowers alike, there may be value in knowing more about C-PACE. An acronym for commercial property-assessed clean energy, C-PACE is a financing structure that was created to encourage developers and owners to incorporate…
Read MoreBayview PACE provided $3.5 million in C-PACE financing for energy & resilience improvements for 17-year-old apartment/retail building in upstate New York. Demonstrating the retrofit feature of C-PACE funding, a 170-unit multi-family project completed in 2007 utilized the innovative finance tool for upgrading its energy/resiliency components Coral Gables, FL and Yonkers, NY (Aug. 16, 2024)…
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$3.5MM • Yonkers, NY Transaction Highlights PACE LTV: 6.3% CLTV: 84.6% Capitalized interest period of 17.25 months Interest only period of 24 months 17 year amortization c-PACE: $3.5MM Location: Yonkers, NY Type: Renovation building: Mixed Use / Multifamily Term: 20 Years Status: Closed Project Description Bayview PACE provided $3.5 million in C-PACE financing for energy…
Read MoreInnovative C-PACE Funding, Gaining Popularity Amid Tight U.S. Financing Market, Fills Key Role in New 324,500 Square-Foot Facility Consolidating 8 Master’s Locations. Coral Gables, FL and Kansas City, MO (July, 2024) – Bayview PACE today announced providing $20.5 million in C-PACE financing for construction of a $72 million, 324,000 square-foot headquarters and flex/industrial facility for…
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